Cathie Wood's Ark Invest scoops up $13 million in Coinbase stock, its largest purchase of the crypto exchange this year

• Ark Invest purchased $13 million worth of Coinbase stock, split between its ARKK and ARKW ETFs.
• The famed money manager currently holds a 4.58% stake in the cryptocurrency company.
• Shares of Coinbase are up 3.66% at $63.4 on Thursday.

Cathie Wood's Ark Invest loaded up on $13 million worth of Coinbase stock on Wednesday, notching its largest single-day buy in the cryptocurrency exchange so far this year.

The famed money manager purchased 213,519 shares, which were split between its Ark Innovation (ARKK) and Ark Next Generation Internet (ARKW) exchange-traded funds. This is much higher than than the 133,321 shares Ark scooped up across all of last week.